‘A Very Expensive Failure’: Blockchain Experts Slam Facebook’s Libra Cryptocurrency

2019-6-19 15:33

By CCN Markets: A lot has already been said about Facebook’s Libra cryptocurrency and its ambition to disrupt the finance world. But what about the blockchain technology that powers it?  Blockchain experts have poured over the technical documents and played with the Libra protocol testnet.

Suffice to say, they’re not convinced about Libra’s claims. “A disaster in slow motion” Bitcoin developer Tamas Blummer offered the most damning assessment of the Libra protocol. He said Facebook is abusing its position to muscle into the blockchain world. “Trying to buy leadership in a cutting edge technology is very expensive and likely futile.

The post ‘A Very Expensive Failure’: Blockchain Experts Slam Facebook’s Libra Cryptocurrency appeared first on CCN Markets

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Источник: ccn.com

libra blockchain → Результатов: 62


Facebook’s Libra ‘sounds an awful lot like Proof-of-Stake’ and will ‘run into Ethereum’s problems,’ claims Jameson Lopp

Facebook’s “The Libra Blockchain” whitepaper has created quite a frenzy, not only in the cryptocurrency ecosystem, but also with U. S. government officials. Some people claim that Libra is not a blockchain, while others claim that it is going to kill Ripple, XRP and other similar blockchains.

2019-6-19 12:30


Фото:

Facebook Releases Libra Cryptocurrency Whitepaper; Crypto Community Reacts

On June 18, 2019, Facebook released the whitepaper of its highly-anticipated Libra cryptocurrency project, which is tipped to transform the blockchain and cryptocurrency industry forever. Libra Whitepaper According to the technical document, “Libra” will operate on Facebook’s in-house blockchain network called “Libra blockchain.

2019-6-18 14:12


Фото:

Facebook’s cryptocurrency Libra whitepaper reveals blockbuster partnerships

The official whitepaper of Libra, the highly anticipated cryptocurrency of Facebook, has been released on libra.org, with additional partners. The Libra Association is established as a non-profit membership headquartered in Geneva, Switzerland and every partner and founding member of the association will run a validator node to process data on the Libra blockchain, which in […] The post Facebook’s cryptocurrency Libra whitepaper reveals blockbuster partnerships appeared first on CryptoSlate.

2019-6-18 12:39


Bary Silbert Looks at Facebook’s Crypto Coin as the Catalyst to Propel Digital Assets to Mass Adoption

Facebook’s GlobalCoin project, known as Project Libra is all set to reveal its cryptocurrency next week but it is still a long way to go until it can be used. Sources having knowledge of Facebook’s operations attributed the delay to blockchain industry incumbents being reluctant to work on a project that doesn’t have the hallmarks […]

2019-6-16 00:47


Фото:

Facebook’s Crypto Project Gets Major Backing from Dozens of Industry Heavyweights

Cryptocurrency media outlet The Block on June 14, 2019, revealed the complete list of stakeholders of Facebook’s high-profile digital currency project. Heavyweights Behind the Libra Project According to the report, a number of corporate titans from various industries are part of the governing association of Facebook’s cryptocurrency.

2019-6-15 13:00


Facebook’s Cryptocurrency Will Pay Interest to Users, Predicts Blockchain Regulator

By CCN Markets: Facebook’s GlobalCoin cryptocurrency will likely pay interest to its users. That’s the prediction of Wyoming Blockchain regulator and crypto champion Caitlin Long. The social media company is gearing up to announce its much-hyped cryptocurrency this month, but very little is still known about the project, known internally as Project Libra.

2019-6-10 11:13


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